Connersville employers draw upon a work force that stretches from Cincinnati, Ohio to Indianapolis, Indiana. State of the art education and workforce training is available locally through Ivy Tech Community College, Whitewater Valley Career Center and Indiana University East. Purdue education programs are also available locally and the Community Education Center supports lifelong learning for all Fayette County residents.
The Economic Development Group partners with the Indiana Economic Development Corporation,
Indiana Rural Development, the U.S. Economic Development Administration, the U. S. Department of Agriculture and other federal, state, and local agencies and institutions to provide Fayette County businesses with the resources and assistance needed to compete in the global economy.
Local support and assistance for either new or existing business is also accessed through the Economic Development Group.
UEA - Zone Benefits for Businesses and Residents (See Map)
Tax credits, deductions, abatements, scholarships, and low interest loans are available to the people and business located in the zone .
RLF - Revolving Loan Fund (Main Street)
Low interest gap financing is available to finance equipment purchases, for working capital, or to help finance the cost of moving into Fayette County. (Form , Civil Rights Certification, Compliance)
Tax Abatement: Abatements of either real property taxes or personal property taxes for manufacturing equipment or research and development equipment are used to support the efforts of either new business or existing businesses. Applications (link) are submitted through the Community Development Division of the Economic Development Group.
Tax Increment Financing: Fayette County TIF funds allow for continued infrastructure development, new construction, property acquisition and training. The amount of revenue available is dependent upon the size of the capital investment undertaken by the company. To leverage the TIF revenue, tax-exempt or taxable bonds may be issued in support of the project. Bonds are retired through property tax revenues generated by the project.
EDGE Tax Credit: The Economic Development Group will provide technical assistance and aid in the preparation of applications for this state program. This credit is based upon payroll and allows individual income tax withholdings from employees to be credited against Indiana corporate income tax liability. Excess withholdings are refunded to the company for up to a ten year period